UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 26, 2008
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AFFINITY TECHNOLOGY GROUP, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-28152 57-0991269
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
1310 Lady Street, Suite 601
Columbia, South Carolina 29201
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(Address of Principal Executive Offices)(Zip Code)
Registrant's telephone number, including area code: (803) 758-2511
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 4.01. Change in Registrant's Certifying Accountant.
On August 26, 2008, Scott McElveen L.L.P. ("Scott McElveen") resigned as the
independent registered public accounting firm of Affinity Technology Group, Inc.
(the "Company").
Scott McElveen's reports on the consolidated financial statements of the Company
as of and for years ended December 31, 2006 and December 31, 2007 did not
contain any adverse opinion or a disclaimer of opinion, nor were they qualified
as to any uncertainty, audit scope, or accounting principles, but did express
substantial doubt regarding the Company's ability to continue as a going
concern.
During the years ended December 31, 2006 and December 31, 2007 and through
August 26, 2008, there were no disagreements between the Company and Scott
McElveen on any matter of accounting principles or practice, financial statement
disclosure, or auditing scope or procedure, which disagreement(s), if not
resolved to the satisfaction of Scott McElveen would have caused Scott McElveen
to make reference to the subject matter of the disagreement(s) in connection
with its reports.
During the years ended December 31, 2006 and December 31, 2007 and through
August 26, 2008, there were no "reportable events" as defined in Item
304(a)(1)(v) of Regulation S-K.
The Company is currently evaluating its alternatives concerning the appointment
of other independent accountants.
The Company has provided Scott McElveen with a copy of the disclosures in
response to this Item 4.01 and requested that Scott McElveen furnish it with a
letter addressed to the United States Securities and Exchange Commission stating
whether it agrees with these disclosures and if not, stating the respects in
which it does not agree. A copy of this letter from Scott McElveen is filed as
Exhibit 16.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
16.1 Letter from Scott McElveen L.L.P. dated August 29, 2008.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AFFINITY TECHNOLOGY GROUP, INC.
(Registrant)
Date: August 29, 2008 By: /s/ Joseph A. Boyle
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Joseph A. Boyle
President and Chief Executive Officer
EXHIBIT INDEX
Exhibit 16.1 Letter from Scott McElveen, L.L.P. dated August 29, 2008.